Azerbaijan, Baku, Nov. 5 /Trend E. Kosolapova/
There is no great risk for buyers of Kazakh state companies' shares in frame of People's IPO, experts of the analytical center Asyl Invest Ivar Baikenov said.
"There are no big risks for minority shareholders. There are market risks, and there is no need to wait that the price will continue to increase. Overall output of the company is not heavily dependent on the world market and therefore practically not affected by external shocks," Baikenov told Trend on Monday.
According to the expert, companies, which shares are offered for sale in the IPO, are monopolists in their industries, which is a considerable advantage.
"Revenues will grow, which means that dividends will be paid," Baikenov said.
Within People's IPO the largest state-owned Kazakh companies, which offered their shares for sale to citizens of the Republic, are divided into three groups in 2012-2015: shares of JSC KazTransOil will be placed in 2012, JSC KEGOC, JSC Air Astana, JSC KazTransGas, JSC Samruk-Energo, JSC, NMSC Kaztransmorflot - 2013, JSC Kazahtan Temir Joly, JSC Kaztemirtrans and - in 2014, JSC Kazatomprom JSC KazMunaiGas - in 2015, Earlier, the stock price of KazTransOil was set at 725 tenge (150.84 tenge = 1 dollar).
Baikenov noted that the share price of KazTransOil in the amount of 725 tenge is quite attractive, and those who have the opportunity to participate in the People's IPO, should buy shares of this company.
"The price that, in principle, will meet the requirements of both KazTransOil and potential investors was set. Price is below the balance (1,000 tenge), which means that people are given a discount, which will give an opportunity to earn" Baikenov said.
Experts noted that another guarantee of revenue growth of companies participating in the program IPO is the planned increase in tariffs, including internal (first since 2000). As a result, export prices will increase by 42 percent, and domestic - by 50 percent.
"As a result, profits are expected to grow by more than 70 percent, which means that you can expect good dividend, yield on which should exceed 9 percent interest rates on deposits," Baikenov said.
According to the expert, the potential growth could exceed 30 percent.
According to experts, the price set for the shares of KazTransOil is available so there will be many people who will wish to purchase them.
"It is difficult to predict how many people will decide to participate in the program, but we can assume that more than 10,000 will exactly buy the shares of KazTransOil," he said.
Baikenov noted that two types of investors can appear after buying shares: those who will want to sell the shares and make a profit due to their price increase in a few months, and those who would keep the paper in the long term and receive good dividends from them in the long term.
The expert also noted that People's IPO will provide accumulation and savings alternative to bank deposits to the public sources, as well as will have the positive impact on the development of the stock market of the country, where there is a shortage of financial instruments, in particular the liquidity of the shares.